Samsung 1998 Annual Report Download - page 47

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8. Investments in subsidiaries and affiliated companies, Continued :
1998 1997
Percentage Acquisition Market Value Recorded Recorded
of Ownership Cost (Net book value) Book Value Book Value
Samsung Electronics Philippines Corporation 100.00 68,969,626 - 68,969,626 1,674,126
PT Samsung Maspion Indonesia 50.00 1,957,250 - 1,957,250 1,957,250
Thai-Samsung Electronics Co., Ltd. 91.50 37,422,945 36,210,404 37,422,945 -
PrimeTel Ltd. 50.00 19,070,717 19,070,717 19,070,717 6,636,000
Samsung Electronics Hong Kong Co., Ltd. 100.00 69,029,200 70,572,652 69,029,200 349,200
Samsung Electronics Taiwan Co., Ltd. 100.00 1,524,856 7,009,569 1,524,856 455,700
Samsung Electronics Souzhou
Semiconductor Co., Ltd. 100.00 25,093,560 36,147,947 25,093,560 25,093,560
Samsung(CHINA) InvestmentCo., Ltd. 100.00 23,253,000 18,519,090 23,253,000 23,253,000
Samsung Electronics HuiZhou Co., Ltd. 98.63 36,022,618 15,426,728 36,022,618 9,236,618
Tian Jin Tong Guang Samsung
Electronics Co., Ltd. 94.31 86,592,521 2,961,852 86,592,521 14,475,641
Tian Jin Samsung Electronics Display Co., Ltd. 59.17 9,895,816 8,953,691 9,895,816 1,273,248
Souzhou Samsung Electronics Co., Ltd. 88.28 64,731,000 44,873,396 64,731,000 25,704,000
Tian Jin Samsung Electronics Co., Ltd 90.55 50,570,084 39,785,382 50,570,084 16,397,084
Shandong-Samsung Telecommunications Co., Ltd. 69.00 15,562,465 23,483,219 15,562,465 15,562,465
Shanghai Samsung Kang Cheng
Communications Equipment Co., Ltd. 51.00 1,008,934 1,815,639 1,008,934 1,008,934
Samsung Electronics Japan Co., Ltd. - - - - 47,766,973
Samsung Yokohama Research Institute 100.00 33,991,706 32,075,280 33,991,706 33,991,706
Lux corporation, Inc. 50.76 15,202,391 7,587,855 15,202,391 15,202,391
Samsung Watch Co., Ltd. 100.00 122,249,940 13,536,058 13,536,058 77,949,940
Icheon Electricity Co., Ltd. - - - - 29,000,000
Novita Co., Ltd. 100.00 20,244,012 8,627,202 20,244,012 447,512
Kwangju Electronics Co., Ltd. 95.00 30,400,000 41,842,332 30,400,000 30,400,000
Samsung Finance Co., Ltd. 73.13 109,700,000 114,594,710 109,700,000 89,700,000
Asan Electronics Co., Ltd. 60.00 3,046,107 603,244 3,046,107 3,046,107
Samsung Card Co., Ltd. 58.72 117,448,520 130,089,704 117,448,520 81,561,475
STECO, Ltd. 51.00 12,239,960 6,790,652 12,239,960 12,239,960
Samsung Electronics Service Co., Ltd. 99.99 29,999,990 30,518,146 29,999,990 -
International Precision Corporation 51.00 509,995 470,952 509,995 -
Total investments in subsidiaries 3,056,504,179 1,995,351,264 2,947,790,297 1,694,197,064
Affiliated companies
Joong-Ang Daily News California Inc. 25.42 2,889,686 3,149,406 2,889,686 2,889,686
Norpak Corporation 21.54 1,018,116 690,603 561,660 561,660
Samsung Display Devices Do. Brasil. 10.00 3,110,100 4,328,001 3,110,100 3,110,100
Samsung Portugal Productos
Electro-mechanicos S.A. 25.45 2,123,880 1,419,633 2,123,880 2,123,880
Samsung Electronics (UK), Ltd. 5.17 8,280,489 8,280,489 8,280,489 -
Samsung Russia Service Center 26.00 706,889 706,889 706,889 -
Dagesttankaya Cellular Network Ltd. 49.00 1,796,192 1,615,703 1,796,192 1,796,192
Syrian-Korean Telecommunictation
Equipment Manufacturing
Establishment Co., Ltd. 49.00 2,060,925 3,536,585 2,060,925 2,060,925
Samsung Electronics Ticaret S.A. 20.00 1,371,004 97,532 181,972 181,972
Samsung Japan Co., Ltd. 49.00 47,766,973 33,005,313 47,766,973 -
Union Optical Co., Ltd. 20.00 17,388,905 4,911,610 17,388,905 17,388,905
Thai-Samsung Electronics Co., Ltd. - - - - 2,970,945
Arrary Microsystems, Inc. - - - - 330,385
Samsung Electro-Mechanics Co., Ltd. 21.97 197,964,730 315,689,832 197,964,730 130,567,692
Samsung Heavy Industries Co., Ltd. 17.68 204,988,560 208,535,919 204,988,560 122,818,074
Continued ;
NOTES TO FINANCIAL STATEMENTS
46